Ulta Beauty: New CFO, Sales Growth & Expansion

Ulta Beauty appoints Christopher DelOrefice as CFO, replacing Paula Oyibo. Q2 internet sales grew by 9.3%. Growth partly attributed to Space NK acquisition, marking international expansion.

The company’s Q2 internet sales expanded 9.3% year over year to $2.8 billion and Ulta increased its full-year advice in August. Several of that growth scheduled in part to the procurement of U.K. store Space NK earlier in the year, noting a major international development for Ulta.

New Chief Financial Officer Appointed

Ulta Charm called Christopher DelOrefice as its next chief monetary officer, effective Dec. 5, per a business release Thursday. Chris Lialios, who has actually been serving in the function on an acting basis, will certainly go back to his previous placement of senior vice head of state and controller.

The relocation comes after former Ulta Beauty CFO Paula Oyibo left the company in June. Oyibo, that had actually been at Ulta Charm in various economic duties for virtually six years, offered as CFO for concerning a year. Lialios took over the position on an interim basis while a search began for a permanent follower.

Leadership Commentary

“Chris brings deep economic knowledge and a tried and tested performance history of delivering leading financial performance and building high carrying out, engaged teams across global organizations,” Kecia Steelman, president and president, said in a declaration. “With shown experience leading core financing functions, international procedures, method, corporate advancement, and venture transformation for public firms, Chris will certainly be a great partner to our group as we continue to implement our Ulta Elegance Released approach and deliver long-lasting value for all our stakeholders.”

The action follows former Ulta Charm CFO Paula Oyibo left the business in June. Oyibo, that had actually been at Ulta Beauty in different economic roles for nearly six years, served as CFO for regarding a year. No reason was pointed out for her separation. Lialios took control of the position on an acting basis while a search began for a permanent successor.

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DelOrefice’s Background

DelOrefice signs up with the appeal store from clinical innovation company Becton Dickinson & Company, where he had acted as CFO considering that 2021. Before that position, he helped over 20 years at Johnson & Johnson.

The mass merchant is under the management of Steelman, who took on the CEO spot in January after functioning as COO. She’s been with Ulta because 2014, and marked the business’s second consecutive inner hire for the chief executive officer place.